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To: GROUND ZERO™ who wrote (4409)	12/27/1997 3:06:00 PM
From: Chris	Read Replies (2) \| Respond to of 42787

As many can see, we are confused <g> very tricky in this mkt.. trends may be bottoming, but the real question is "how big of a rally/bounce?" very hard to say.. very educational though.. also remember that earnings are coming up. as you know, ta doesn't work that well during earning release.. will be back shortly to answer other posts. Chris

To: GROUND ZERO™ who wrote (4409)	12/27/1997 3:14:00 PM
From: Chris	Read Replies (1) \| Respond to of 42787

william hueb's mkt analysis: his remarks applies for nyse stocks (which i concur.. not a lot of bottoming signals for djia) Subject: Waiting for the big Kahuna \| Previous \| Next \| Respond \| To: W. Clinton Terry (12341 ) From: William H Hueb Saturday, Dec 27 1997 10:19AM EST Reply # of 12353 Barron's Based Forecast for next week, Clinton, Again, it LOOKS like another down week... but the NYSE odd-lot short sales were NOT available and I had to use the NAZ info which is not as "reliable" as the NYSE IMHO. Further compounding the problem is that VIX is on a buy which give us the possibility of more strong volatility... so what is new, right? To answer your question: - 1,800,861/532,544 is about 3:1 or 1:3 if you flip it. (That was LAST week... this week it is 1:10 which is VERY bearish, to my mind. The OI also is over 1:10 which is a concern... but it has been as high as 1:20) Now don't go bananas just because you have an indicator that seems to work now and again... the BIGGEST danger is falling in love with this crap, and then you REALLY are in trouble. So use it as another sign in a whole "gestalt" (I THINK I am using that word correctly) of information. So IMHO we will test the lows this coming week and (HOPEFULLY) I will make my $$ on USS puts... BWDIK? Bill